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NASDAQ:MRVL

Marvell Technology Group Stock Forecast, Price & News

$44.60
-0.24 (-0.54 %)
(As of 11/25/2020 12:00 AM ET)
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Today's Range
$44.36
Now: $44.60
$45.20
50-Day Range
$36.89
MA: $42.19
$45.13
52-Week Range
$16.45
Now: $44.60
$45.81
Volume4.79 million shs
Average Volume9.54 million shs
Market Capitalization$29.89 billion
P/E Ratio21.34
Dividend Yield0.54%
Beta1.09
Marvell Technology Group Ltd. designs, develops, and sells analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a portfolio of Ethernet solutions, including controllers, network adapters, physical transceivers, and switches; single or multiple core processors; custom application specific integrated circuits; and printer SoC products and application processors. The company also provides a range of storage products comprising storage controllers for hard disk drives (HDD) and solid-state drives that support various host system interfaces consisting of serial attached SCSI (SAS), serial advanced technology attachment (SATA), peripheral component interconnect express, non-volatile memory express (NVMe), and NVMe over fabrics; and fiber channel products, including host bus adapters, and controllers for server and storage system connectivity. It has operations in the United States, China, Malaysia, the Philippines, Thailand, Singapore, India, Israel, Japan, South Korea, Taiwan, and Vietnam. The company was founded in 1995 and is headquartered in Hamilton, Bermuda.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 2.6Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.30 out of 5 stars


Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
Current SymbolNASDAQ:MRVL
CUSIPG5876H10
Phone441-296-6395
Employees5,633

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.70 billion
Cash Flow$1.37 per share
Book Value$13.09 per share

Profitability

Net Income$1.58 billion

Miscellaneous

Market Cap$29.89 billion
Next Earnings Date12/3/2020 (Confirmed)
OptionableOptionable
$44.60
-0.24 (-0.54 %)
(As of 11/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Marvell Technology Group (NASDAQ:MRVL) Frequently Asked Questions

How has Marvell Technology Group's stock price been impacted by COVID-19 (Coronavirus)?

Marvell Technology Group's stock was trading at $22.01 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MRVL stock has increased by 102.6% and is now trading at $44.60.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Marvell Technology Group?

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology Group in the last year. There are currently 4 hold ratings and 22 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Marvell Technology Group
.

What stocks does MarketBeat like better than Marvell Technology Group?

Wall Street analysts have given Marvell Technology Group a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Marvell Technology Group wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Marvell Technology Group's next earnings date?

Marvell Technology Group is scheduled to release its next quarterly earnings announcement on Thursday, December 3rd 2020.
View our earnings forecast for Marvell Technology Group
.

How can I listen to Marvell Technology Group's earnings call?

Marvell Technology Group will be holding an earnings conference call on Thursday, December 3rd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Marvell Technology Group's earnings last quarter?

Marvell Technology Group Ltd. (NASDAQ:MRVL) issued its quarterly earnings results on Thursday, August, 27th. The semiconductor company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.01. The semiconductor company earned $727.30 million during the quarter, compared to the consensus estimate of $720.88 million. Marvell Technology Group had a net margin of 50.67% and a return on equity of 3.10%. The firm's revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.16 EPS.
View Marvell Technology Group's earnings history
.

How often does Marvell Technology Group pay dividends? What is the dividend yield for Marvell Technology Group?

Marvell Technology Group declared a quarterly dividend on Friday, September 25th. Stockholders of record on Monday, October 12th will be paid a dividend of $0.06 per share on Wednesday, October 28th. This represents a $0.24 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Thursday, October 8th.
View Marvell Technology Group's dividend history
.

What guidance has Marvell Technology Group issued on next quarter's earnings?

Marvell Technology Group issued an update on its third quarter 2021 IntraDay earnings guidance on Thursday, October, 29th. The company provided EPS guidance of for the period. The company issued revenue guidance of $735-765 million, compared to the consensus revenue estimate of $750.97 million.

What price target have analysts set for MRVL?

26 analysts have issued 1-year price objectives for Marvell Technology Group's shares. Their forecasts range from $32.00 to $60.00. On average, they expect Marvell Technology Group's share price to reach $45.52 in the next year. This suggests a possible upside of 2.1% from the stock's current price.
View analysts' price targets for Marvell Technology Group
.

Are investors shorting Marvell Technology Group?

Marvell Technology Group saw a drop in short interest in October. As of October 30th, there was short interest totaling 14,570,000 shares, a drop of 19.4% from the October 15th total of 18,070,000 shares. Based on an average daily trading volume, of 8,910,000 shares, the short-interest ratio is currently 1.6 days.
View Marvell Technology Group's Short Interest
.

Who are some of Marvell Technology Group's key competitors?

What other stocks do shareholders of Marvell Technology Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology Group investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Micron Technology (MU), QUALCOMM (QCOM), Alibaba Group (BABA), Intel (INTC), salesforce.com (CRM), The Walt Disney (DIS), Cisco Systems (CSCO) and Square (SQ).

Who are Marvell Technology Group's key executives?

Marvell Technology Group's management team includes the following people:
  • Mr. Matthew J. Murphy, Pres, CEO & Director (Age 47, Pay $1.61M)
  • Ms. Jean Hu, Chief Financial Officer (Age 57, Pay $746.16k)
  • Mr. Mitchell Lee Gaynor, Exec. VP, Chief Admin. & Legal Officer and Sec. (Age 60, Pay $701.33k)
  • Mr. Daniel Christman, Exec. VP of Storage Bus. Group (Age 48, Pay $670.79k)
  • Mr. Syed B. Ali, Advisor (Age 61, Pay $24.07k)
  • Mr. Raghib Hussain, Exec. VP of Networking & Processor Group and Chief Strategy Officer (Age 48, Pay $858.02k)
  • Dr. Sehat Sutardja, Co-Founder (Age 58)
  • Ms. Weili Dai, Co-Founder (Age 58)
  • Mr. Andrew J. Micallef, Exec. VP & COO (Age 55)
  • Mr. Willem A. Meintjes, Chief Accounting Officer (Age 40)

What is Marvell Technology Group's stock symbol?

Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."

Who are Marvell Technology Group's major shareholders?

Marvell Technology Group's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.95%), Nuveen Asset Management LLC (2.63%), State Street Corp (2.11%), Allianz Asset Management GmbH (1.56%), UBS Asset Management Americas Inc. (0.68%) and Massachusetts Financial Services Co. MA (0.56%). Company insiders that own Marvell Technology Group stock include Andrew Micallef, Dan Christman, Dean E Jr Jarnac, Jean X Hu, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin, Richard Hill, Syed Ali and Willem A Meintjes.
View institutional ownership trends for Marvell Technology Group
.

Which major investors are selling Marvell Technology Group stock?

MRVL stock was sold by a variety of institutional investors in the last quarter, including Neuberger Berman Group LLC, Fisher Asset Management LLC, Massachusetts Financial Services Co. MA, Wedge Capital Management L L P NC, UBS Asset Management Americas Inc., Voloridge Investment Management LLC, Morgan Stanley, and Wells Fargo & Company MN. Company insiders that have sold Marvell Technology Group company stock in the last year include Andrew Micallef, Dan Christman, Dean E Jr Jarnac, Jean X Hu, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Richard Hill, and Willem A Meintjes.
View insider buying and selling activity for Marvell Technology Group
.

Which major investors are buying Marvell Technology Group stock?

MRVL stock was acquired by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Allianz Asset Management GmbH, First Trust Advisors LP, Ceredex Value Advisors LLC, GAM Holding AG, ExodusPoint Capital Management LP, Worldquant Millennium Advisors LLC, and TD Asset Management Inc.. Company insiders that have bought Marvell Technology Group stock in the last two years include Jean X Hu, and Michael G Strachan.
View insider buying and selling activity for Marvell Technology Group
.

How do I buy shares of Marvell Technology Group?

Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Marvell Technology Group's stock price today?

One share of MRVL stock can currently be purchased for approximately $44.60.

How big of a company is Marvell Technology Group?

Marvell Technology Group has a market capitalization of $29.89 billion and generates $2.70 billion in revenue each year. The semiconductor company earns $1.58 billion in net income (profit) each year or $0.32 on an earnings per share basis. Marvell Technology Group employs 5,633 workers across the globe.

What is Marvell Technology Group's official website?

The official website for Marvell Technology Group is www.marvell.com.

How can I contact Marvell Technology Group?

Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]

This page was last updated on 11/27/2020 by MarketBeat.com Staff

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